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Akiya in Oshu, Iwate
$3,164For sale
¥500,000 · Built 1965 (61 yrs)

5K Akiya in Oshu, Iwate

Building
106.63 m²
Land
588 m²
Size
32.3 坪
Layout
5K
Access
JR Tohoku Shinkansen 水沢江刺 Stn / 13 min by car
Address
岩手県奥州市水沢真城字雷神

Description

土地確定測量の費用は買主負担. 確認申請を伴う建替え. 増改築不可. 遺跡包蔵地内のため. 敷地を掘削する場合は事前に届出が必要. 家具. 家財が入っていますが『現状引渡し』.

View original listing on the akiya bank ↗

出典:全国版空き家・空き地バンク(アットホーム運営)

Location

Approximate location (street-level geocoded via 国土地理院). 岩手県奥州市水沢真城字雷神

Investment snapshot

An indicative long-term rental estimate — to compare listings, not an appraisal.

Est. monthly rent
¥51,000
≈ $323/mo
Est. annual rent
¥612,000
≈ $3,873/yr
Gross yield (post-reno)
6.8%
solid
⚠ At this price the property almost certainly needs major renovation before it can rent — the yield above already folds in an estimated renovation budget. The raw price-only yield would look far higher but isn't achievable until that work is done.

Basis: 106.63m² × ¥950/m²/mo × 0.5 age factor (Iwate) + ¥9M est. renovation. Gross yield = annual rent ÷ (price + est. renovation), before tax, vacancy, and management. Regional rent rates are conservative order-of-magnitude medians (public rent surveys), not a guarantee — rural demand can be thin. Always validate locally before relying on any figure.

Hazard & due diligence

Japan has real flood, landslide, and earthquake exposure that varies street by street. Check the official government hazard maps for this exact location before buying.

Sources: 重ねるハザードマップ (国土地理院) · J-SHIS (防災科研). Always confirm with the seller and municipality.